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Tuesday, May 4, 2021

Options trade: Coca Cola (KO) short put trade and assignment

Tuesday, 11/24/2020 (3 DTE)

sell -2 November 27, 2020  $53.50 puts at $0.50 (ITM)

prob ITM:  70.53% (high)


Friday, 11/27/2020 (EXPIRATION)

KO closed at $52.70

My short puts were in-the-money (ITM) at expiration, so I assigned 200 shares of KO.

In plain English:  I had to BUY 200 shares of KO at my strike price of $53.50/share.



Monday, May 3, 2021

Options trade: UPS Earnings Play (2-day trade) | 121% return



Monday, 4/26/2021 (4 DTE)

sell -1 April 30, 2021  $167.50 put at $1.15

  • UPS at $175.45 (-$3.51)
  • prob ITM: 21.41%
  • Market Maker Move:  plus/minus $7.21
  • earnings before Opening Bell on 4/27/2021


Wednesday, 4/28/2021 (2 DTE)

buy back short put at $0.03

NET PROFIT:  $111.33 (2 days)

Return on capital:  121% (annualized)




Options trade: SPX credit (bull) put spread, 5/3/2021 exp | 477% ROC

Friday, 4/30/2021

sell -2 May 3, 2021  4125 puts at $2.15 (prob ITM 10%)
buy +2 May 3, 2021  4095 puts at $0.95 (prob ITM 5%)

  • margin: $6000
  • net credit:  $1.20 x 2 x 100 =  $240 (max profit)
  • SPX at 4185.32

Monday, 5/3/2021 (EXPIRATION)

SPX settled at 4192.66
All put options expired "worthless"

NET PROFIT:  $235.20 (3 days)
Return on capital:  477% (annualized)


Friday, April 23, 2021

Options trade: Bullish Apple trade, 4/23/2021 exp

Thu. 3/25/2021

sell -1 Apr 23, 2021 $109 put at $1.01

  • prob ITM:  18.25%
  • AAPL at $119.70
  • 29 DTE
  • low stochastics

Fri. 4/23/2021 (expiration)

AAPL closed at $134.32
let all puts expire

NET PROFIT:  $100.34


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Friday, April 16, 2021

Options trade: SPX bull (credit) put spread | 429% return

Wednesday, 4/14/2021

sell -1 April 16, 2021  4030 put at $2.12 (prob ITM 7.08%)

buy +1 April 16, 2021  3980 put at $0.92 (prob ITM 2.95%)

net credit:  $1.20 x 1 x 100 = $120

margin: $5000

SPX at 4124


Friday, 4/16/2021 (EXPIRATION)

Strong up day, let all options expire "worthless"

NET PROFIT:  $117.61 (2 days)

Return on capital: 429% (annualized)


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Wednesday, April 14, 2021

Options trade: SPX credit call spread | 1095% return

 Monday, 3/29/2021

buy +1 March 31, 2021  4065 call at $0.75 (prob ITM 3.64%)

sell -1 March 31, 2021  4035 call at $2.55 (prob ITM 11%)

net credit: $1.80 x 1 x 100 = $180

margin: $2868

2 DTE

SPX between 3968 and 3974


Wednesday, 3/31/2021 (EXPIRATION)

buy back short call (4035 strike) at $0.05 to remove the risk of assignment

let long call expire

SPX closed at 3972.89

NET PROFIT:  $172.11 (in 2 days)

Return on capital:  1095% (annualized)


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Options trade: SPX credit (bull) put spread | 1217% return

Monday, 3/1/2021 (10:02 am, PT) <--- EXPIRATION DAY

sell -1 March 1, 2021  3870 put at $1.45 (prob ITM 14.30%)
buy +1 March 1, 2021  3835 put at $0.25 (prob ITM 2.31%)

net credit:  $1.20 x 1 x 100 =  $120 (max profit)
margin:  3361
SPX at 3893


Monday, 3/1/2021 (12:52 pm, PT)  <--- almost 3 hours later

buy back 3870 short put at $0.05

NET PROFIT:  $112.11 (in about 3 hours)

ROC:  3.33% (in about 3 hours) =  1217% (annualized)



Options trade: SPX credit put spread | 232% return

Monday, 3/8/2021

sell -1 March 10, 2021  3665 put at $2.29 (prob ITM 5.31%)

buy +1 March 10, 2021  3620 put at $1.09 (prob ITM 2.63%)

net credit:  $1.20 x 1 x 100 =  $120

margin:  $4371


Tuesday, 3/9/2021 (10:17 am, PT)

buy back 3665 short put at $0.20


Tuesday, 3/9/2021 (10:25 am, PT) <--- 8 minutes later

sell another put with strike price of 3790 (prob ITM 4.78%)

collected second credit of $1.20


Wed. 3/10/2021 (Expiration Day)

SPX = 3898.81

let all put options expire "worthless"

NET PROFIT:  $215.13 (2 days)

ROC:  232% (annualized)

For the full analysis, join PATREON and watch the video!


Options trade: SPX credit call spread | 1554% ROC (annualized)

Friday, 3/12/2021 (9:19 am, PT)

buy +1 March 12, 2021  3980 call at $0.12 (prob ITM 1.55%)

sell -1 March 12, 2021  3950 call at $1.42 (prob ITM 15.42%)

net credit:  $1.30 x 1 x 100 = $130 (max profit)

margin:  $2867


Friday, 3/12/2021 (12:54 pm, PT)

buy back 3950 short call at $0.05

NET PROFIT:  $122.11 (in 4 hours) 

ROC:  1554% (annualized)

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Options trade: SPX intraday credit (bear) call spread | 2000% return

Friday, 2/26/2021 (11:45 am, PT)  <--- Expiration Day

buy +1 Feb 26, 2021  3895 call at $0.17 (prob ITM 1.78%)

sell -1 Feb 26, 2021  3855 call at $2.37 (prob ITM 17.61%)

net credit:  $2.20 x 1 x 100 = $220 (max profit)

margin:  $3767


Friday, 2/26/2021 (12:54 pm, PT)  <--- 70 minutes later

buy back 3855 call at $0.10

let long call expire "worthless"

Note: SPX closed at 3811.15 at 1 pm, PT (settlement)

NET PROFIT:  $206.46 (in 70 minutes)

ROC:  5.48% (1 hour) = 2000% (annualized)

For the full analysis, join PATREON and watch the video!

Options trade: SPX credit put spread | 454% return

 Monday, 4/12/2021

sell -1 April 14, 2021  4055 put at $1.95 (prob ITM 8.55%)

buy +1 April 14, 2021  4010 put at $0.75 (prob ITM 3%)

net credit:  $1.20 x 1 x 100 = $120

margin:  $4500

2 DTE


Wednesday, 4/14/2021 (EXPIRATION)

buy back short put (4055 strike) at $0.05 to remove the risk of assignment


NET PROFIT:  $112.11 (2 days)

Return on capital:  454% (annualized)


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Options trade: SPX credit put spread | 1375% return

 Tuesday, 3/2/2021

sell -1 March 3, 2021  3805 put at $2.55 (prob ITM 8.63%)

buy +1 March 3, 2021  3770 put at $1.20 (prob ITM 4.18%)

net credit:  $1.35 x 1 x 100 =  $135

margin:  $3372

SPX at 3890.37


Wednesday, 3/3/2021 (Expiration)

buy back 3805 short put at $0.05

let long put expire "worthless"

NET PROFIT:  $127.03 (1 day)

ROC:  3.77% (1 day) =  1375% (annualized)

For the full analysis, join PATREON and watch the video!


Options trade: SPX credit put spread | 232% return

Monday, 3/8/2021

sell -1 March 10, 2021  3665 put at $2.29 (5.31% prob ITM)

buy +1 March 10, 2021  3620 put at $1.09 (2.63% prob ITM)

net credit:  $1.20

margin:  $4371


Tuesday, 3/9/2021 (SPX up 80)

buy back short put (3665 strike) at $0.20


Tuesday, 3/9/2021 (8 minutes later)

sell -1 March 10, 2021  3790 put at $1.20 (4.78% prob ITM)

new margin:  $16,887


Wednesday, 3/10/2021 (Expiration)

SPX closed at 3898.81

Let entire put spread expire "worthless"

NET PROFIT:  $215.13 (in 2 days)

Return on capital:  232% (annualized)

Learn to trade options!

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Options trade: SPX credit put spread | 1884% return

 Wednesday, 3/31/2021

sell -1 April 1, 2021  3940 put at $2.50 (prob ITM 12.22%)

buy +1 April 1, 2021  3910 put at $0.95 (prob ITM 5%)

net credit:  $1.55 x 1 x 100 = $155

margin:  $2850

1 DTE

SPX = 3987.44


Thursday, 4/1/2021 (EXPIRATION)

buy back short put (3940 strike) at $0.05 to remove the risk of assignment

let long put expire "worthless"

SPX closed at 4019.87

NET PROFIT:  $147.11 (1 day)

Return on capital:  1884% (annualized)


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Options trade: SPX credit put spread | 742% ROC

 Fri. 3/26/2021

sell -1 March 26, 2021  3915 put at $1.52 (prob ITM 15%)

buy +1 March 26, 2021  3850 put at $0.12 (prob ITM 1%)

net credit: $1.40 x 1 x 100 = $140

margin:  $6494

SPX at 3934


Fri. 3/26/2021 (EXPIRATION)

buy back short put at $0.05 to remove the risk of assignment

let the long put expire

NET PROFIT:  $132.11 (2 hours)

Return on capital:  742% (annualized)


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Options trade: SPX credit call spread | 378% return

 Fri. 3/5/2021

buy +1 March 8, 2021  3975 call at $0.07 (prob ITM 0.30%)

sell -1 March 8, 2021  3915 call at $1.42 (prob ITM 6%)

net credit:  $1.35 x 1 x 100 = $135

margin:  $5861

2 DTE

SPX at 3828.60


Mon. 3/8/2021 (EXPIRATION)

buy back short call at $0.10 to remove the risk of assignment

NET PROFIT:  $121.46 (2 days)

Return on capital:  378% (annualized)


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Options trade: ARK Innovation ETF (ARKK) credit put spread | 403% ROC

 Wed. 2/24/2021

sell -2 Apr 16, 2021  $100 puts at $1.87 (prob ITM 14.75%)
buy +2 Apr 16, 2021  $70 puts at $0.35 (prob ITM 4%)

net credit:  $1.52 x 2 x 100 = $304

margin:  $517
51 DTE


Wed. 3/31/2021

buy back the 2 short puts at $0.50
let the 2 long puts expire on 4/16/2021

NET PROFIT:  $200.01 (35 days)

Return on capital:  403% (annualized)




Tuesday, April 13, 2021

Options trade: SPY credit put spread | 119% return

 Thu. 12/3/2020

sell -1 March 19, 2021  $280 put at $2.05 (prob ITM: 9.26%)

buy +1 March 19, 2021  $248 put at $0.99 (prob ITM: 4.79%)

  • net credit: $1.06 x 1 x 100 = $106
  • max profit:  $106
  • "overbought"
  • 106 DTE
  • margin: $413


Thu. 2/4/2021

buy back the entire spread for $0.20

NET PROFIT:  $81.02

return on capital:  19.62% (in 2 months) = 119% (annualized)

Learn to trade options.

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Monday, April 12, 2021

Options trade: Facebook credit put spread | 164% return

 Monday, 2/8/2021

sell -2 March 12, 2021  $240 puts at $2.13 (prob ITM 17%)

buy +2 March 12, 2021  $210 puts at $0.37 (prob ITM 4%)

net credit:  $1.76 x 2 x 100 =  $352 (max profit at expiration)

margin:  $2318

31 DTE

FB at $266.38


Monday, 3/1/2021

buy back entire spread for $0.64

NET PROFIT:  $218.67

ROC:  164% (annualized)

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Wednesday, March 31, 2021

Options trade: Electronic Arts (EA) short put | How to sell put options

 Wednesday, 2/24/2021

sell -1 April 16, 2021  $130 put at $3.35

prob ITM 34%

51 DTE


Wednesday, 3/31/2021 (16 DTE)

I bought back the short put at $1.00 to remove the risk of assignment (prob ITM = 23%)

NET PROFIT:  $233.67